The Estée Lauder Companies have reported a significant drop in its first quarter sales and net profit, leading it to reduce its outlook on future revenues.
Leading fragrance player Inter Parfums USA says that it has signed an exclusive licensing agreement through its Hong Kong subsidiary with leading China luxury brand Shanghai Tang.
For international cosmetics brands the China market offers enormous potential, but tapping into this is no given. Michael Kahn, CEO of the GMD Group, shares some top tips.
Elizabeth Arden is making clear moves on the China market for
cosmetic and fragrances, with a 50 per cent jump in sales in the
past two and a half years spurring the company on to buy up its own
distributor in the region.
